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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. 2 Total SA.

Oil 418
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Snam and Saipem sign MoU to work together on green hydrogen development and CO2 capture

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Italy-based Snam, a leading energy infrastructure operator, and Saipem, an Italian multinational oilfield services company, have signed a Memorandum of Understanding to start working together to define and to develop initiatives for green hydrogen production and transport, and for carbon dioxide capture, transport and reuse or storage (CCS and CCU).

Hydrogen 323
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Wind 195
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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels. 2020.01.002.

Gasoline 357
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New electrocatalyst converts CO2 into ethanol, acetone, and n-butanol with high efficiency

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The electrocatalytic conversion of CO 2 using renewable energy could establish a climate-neutral, artificial carbon cycle. V vs. reversible hydrogen electrode (RHE), which can be maintained for at least 3?months. These could then be burned as needed. A paper on the development is published in the journal Angewandte Chemie.

Convert 435
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Largest pilot plant for CO2-neutral production of hydrogen begins operation at voestalpine site in Linz

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What is currently the world’s largest pilot plant for the CO 2 -neutral production of hydrogen has successfully commenced operation at the voestalpine site in Linz, simultaneously setting an international milestone in the advancement of new energy supply options. It creates the basis for future projects on an industrial scale.

Hydrogen 221
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DHL, Shell and Grundfos Bio-LNG pilot for road freight delivers 85% CO2 savings over conventional diesel

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This corresponds to the emissions of more than 89,900 km driven by a diesel truck and represents 85% of CO2 savings compared to a traditional diesel engine. To fight against climate change, the transport sector needs true decarbonization. The logistics industry is currently responsible for 11 percent of global carbon emissions.

CO2 170